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Business Services' Nov 8 Q3 Earnings Roster: XPER, FA & More

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·4-min read
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In the third quarter of 2021, the business services sector has been recovering gradually, backed by the gradual resumption of business activities and strength across both manufacturing and non-manufacturing activities. Notably, the increased rate of vaccination and relaxation of restrictions has lifted sentiments.

The quarter witnessed growth in major manufacturing industries like computer & electronic products; machinery; electrical equipment; appliances & components; transportation equipment; food, beverage & tobacco products; printing & related support activities; paper products; plastics & rubber products, and petroleum & coal products.

Among services industries, notable growth came in from transportation & warehousing; management of companies & support services; retail trade; wholesale trade; accommodation & food services; mining; utilities; construction; health care & social assistance; finance & insurance; information; educational services; and professional, scientific & technical Services.

Earnings Picture So Far, and Expectations

The third-quarter earnings for the S&P 500 members of the Business Services sector have been outstanding so far. The sector had a commendable start, with major players like Equifax EFX, IQVIA Holdings IQV, Robert Half RHI, S&P Global SPGI, Waste Management WM and Fiserv FISV beating on both earnings and revenues.

The latest Earnings Outlook suggests that earnings for those S&P 500 members of the business services sector that have reported results, grew 31% year over year on 17.2% revenue growth, with 83.3% of the same beating the Zacks Consensus Estimate for EPS and 87.5% of the same topping sales projections.

Total quarterly earnings for the S&P 500 members of the sector are currently anticipated to display 26.5% year-on-year growth, and revenues will likely reflect a 14.4% rise.

XPER, FA, RIOT, INST in Spotlight

Our quantitative model suggests that the combination of the following two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — increases the odds of a positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Xperi Holding Corporation XPER: This California-based consumer and entertainment product/solutions licensing company is scheduled to report third-quarter 2021 results on Nov 8, after market close.

The Zacks Consensus Estimate for revenues is pegged at $223.84 million, indicating a 10.4% increase from the year-ago quarter’s reported figure. The consensus mark for earnings stands at 41 cents per share, indicating a rise of more than 100% from the prior-year quarter's reported number.

Xperi has an Earnings ESP of 0.00% and carries a Zacks Rank #3.

Xperi Holding Corporation Price and EPS Surprise

Xperi Holding Corporation Price and EPS Surprise
Xperi Holding Corporation Price and EPS Surprise

Xperi Holding Corporation price-eps-surprise | Xperi Holding Corporation Quote

First Advantage Corporation FA: This Georgia-based provider of technology solutions for screening, verifications, safety, and compliance related to human capital worldwide is scheduled to report third-quarter 2021 results on Nov 8, before market open.

The Zacks Consensus Estimate for revenues is pegged at $171 million, indicating a sequential decline of 2.3%. The consensus estimate for earnings stands at 19 cents per share, implying sequential decline of 24%.

First Advantage has an Earnings ESP of 0.00% and a Zacks Rank #3.

First Advantage Corporation Price and EPS Surprise

First Advantage Corporation Price and EPS Surprise
First Advantage Corporation Price and EPS Surprise

First Advantage Corporation price-eps-surprise | First Advantage Corporation Quote

Riot Blockchain, Inc. RIOT is expected to register strong top- and bottom-line growth in the to-be-reported third quarter of 2021.

The Zacks Consensus Estimate for revenues is pegged at $77.35 million, indicating more than 100% increase from the year-ago quarter’s reported figure. The consensus mark for earnings stands at 41 cents per share, indicating a rise of more than 100% from the prior-year quarter's reported number.

Riot Blockchain has an Earnings ESP of -13.94% and a Zacks Rank #1.(Read more: What's in Store for Riot Blockchain in Q3 Earnings?)

Riot Blockchain, Inc. Price and EPS Surprise

Riot Blockchain, Inc. Price and EPS Surprise
Riot Blockchain, Inc. Price and EPS Surprise

Riot Blockchain, Inc. price-eps-surprise | Riot Blockchain, Inc. Quote

Instructure Holdings, Inc. INST: This Utah-based provider of cloud-based learning, assessment, development, and engagement systems is scheduled to report third-quarter 2021 results on Nov 8, after market close.

The Zacks Consensus Estimate for revenues stands at $101.63 million, indicating a sequential growth of 6.3%. The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 14 cents per share, implying sequential decline of 12.5%.

Instructure has an Earnings ESP of 0.00% and a Zacks Rank #3.

Instructure Holdings, Inc. Price and EPS Surprise

Instructure Holdings, Inc. Price and EPS Surprise
Instructure Holdings, Inc. Price and EPS Surprise

Instructure Holdings, Inc. price-eps-surprise | Instructure Holdings, Inc. Quote


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Fiserv, Inc. (FISV) : Free Stock Analysis Report

Equifax, Inc. (EFX) : Free Stock Analysis Report

Waste Management, Inc. (WM) : Free Stock Analysis Report

Robert Half International Inc. (RHI) : Free Stock Analysis Report

Instructure Holdings, Inc. (INST) : Free Stock Analysis Report

S&P Global Inc. (SPGI) : Free Stock Analysis Report

Xperi Holding Corporation (XPER) : Free Stock Analysis Report

Riot Blockchain, Inc. (RIOT) : Free Stock Analysis Report

IQVIA Holdings Inc. (IQV) : Free Stock Analysis Report

First Advantage Corporation (FA) : Free Stock Analysis Report

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